State Street Global Advisors Strengthens Global SPDR Business with Product and Marketing Appointments
May 02 2017 - 8:00AM
Business Wire
State Street Global Advisors (SSGA), the asset management
business of State Street Corporation (NYSE: STT) today announced
two new appointments: Noel Archard has been named head of global
SPDR product, and Seth Morrison has been named head of global SPDR
marketing. Both will be based in Boston. SSGA is a global leader in
exchange traded funds, with $558 billion in ETF assets under
management.1
“Our global SPDR ETF business has a strong track record of
product innovation, having introduced the first US listed ETF more
than two decades ago, and launched numerous ‘world firsts’ since,”
said Rory Tobin, co-head of the global SPDR business. “As our
business has expanded and matured, so too have the responsibilities
of our product and marketing teams. Both Noel and Seth have strong
track records of developing ETF products consistent with client and
regulatory requirements. We are delighted to welcome them both to
the team, and we look forward to their leadership as we evolve and
grow our Global SPDR ETF business.”
In this newly created role, Archard will be responsible for
product strategy, innovation, range and lifecycle management for
the global SPDR ETF business. He will report in to Cyrus
Taraporevala, head of the global institutional group, and Tobin.
Archard brings a wealth of knowledge with more than 20 years’
experience in the global asset management industry. Most recently,
he was country head of BlackRock in Canada tasked with growing the
company across all business lines within this market. Prior to
this, Archard held positions at Blackrock and Vanguard, helping to
build and establish their ETF programs. He is a graduate of
Northwestern University and a CFA Charterholder.
Also in a newly created role, Morrison will be responsible for
all marketing activities across the SPDR business in North America,
EMEA and APAC. He will report in to Nick Good, co-head of the
global SPDR business, and Stephen Tisdalle, chief marketing officer
of SSGA. “Both of these new roles demonstrate our commitment to
expanding the reach and relevancy of SPDR value-added services and
our broad range of ETF investment capabilities to institutional and
intermediary clients,” said Good. Additionally Tisdalle commented,
“Our ETF business is embracing innovative marketing programs that
communicate our perspectives and insights to help investors make
informed decisions about their portfolios.”
Morrison joins SSGA from Vanguard where he served as head of
Flagship Business Development Group, the high net-worth sales group
for their US Retail business. Prior to this, Seth was head of
Vanguard’s International Marketing team. Previously, Seth spent
more than 10 years at Franklin Templeton where he held multiple
global executive roles in marketing and product distribution.
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. SPDR ETFs are managed by
SSGA Funds Management, Inc., a registered investment adviser and
wholly owned subsidiary of State Street Corporation. The funds
provide investors with the flexibility to select investments that
are precisely aligned to their investment strategy. Recognized as
an industry pioneer, State Street created the first US listed ETF
in 1993 and has remained on the forefront of responsible
innovation, as evidenced by the introduction of many
ground-breaking products, including first-to-market launches with
gold, international real estate, international fixed income, and
sector ETFs. For more information, visit www.spdrs.com.
About State Street Global Advisors
For nearly four decades, State Street Global Advisors has been
committed to helping financial professionals and those who rely on
them achieve their investment objectives. We partner with
institutions and financial professionals to help them reach their
goals through a rigorous, research-driven process spanning both
active and index disciplines. We take pride in working closely with
our clients to develop precise investment strategies, including our
pioneering family of SPDR ETFs. With trillions* in assets under
management, our scale and global footprint provide access to
markets and asset classes, and allow us to deliver expert insights
and investment solutions.
State Street Global Advisors is the investment management arm of
State Street Corporation.
*Assets under management were $2.56 trillion as of March 31,
2017. AUM reflects approx. $33.30 billion (as of 3/31/2017) with
respect to which State Street Global Markets, LLC (SSGM) serves as
marketing agent; SSGM and State Street Global Advisors are
affiliated.
Important Information
Investing involves risk including the risk of loss of
principal.
ETFs trade like stocks, are subject to investment risk,
fluctuate in market value and may trade at prices above or below
the ETFs net asset value.
Brokerage commissions and ETF expenses will reduce returns.
In general, ETFs can be expected to move up or down in value
with the value of the applicable index. Although ETFs may be bought
and sold on the exchange through any brokerage account, ETFs are
not individually redeemable from the Fund. Investors may acquire
ETFs and tender them for redemption through the Fund in Creation
Unit Aggregations only, please see the prospectus for more
details.
Standard & Poor’s, S&P and SPDR are registered
trademarks of Standard & Poor’s Financial Services LLC
(S&P); Dow Jones is a registered trademark of Dow Jones
Trademark Holdings LLC (Dow Jones); and these trademarks have been
licensed for use by S&P Dow Jones Indices LLC (SPDJI) and
sublicensed for certain purposes by State Street Corporation. State
Street Corporation’s financial products are not sponsored,
endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their
respective affiliates and third party licensors and none of such
parties make any representation regarding the advisability of
investing in such product(s) nor do they have any liability in
relation thereto, including for any errors, omissions, or
interruptions of any index.
State Street Corporation, One Lincoln Street, Boston, MA
02111-2900.
© 2017 State Street Corporation - All Rights Reserved
CORP-2901
1 As of 3/31/17
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170502005854/en/
State Street CorporationAndrew Hopkins, +1
617-664-2422Ahopkins2@StateStreet.com
State Street (NYSE:STT)
Historical Stock Chart
From Sep 2024 to Oct 2024
State Street (NYSE:STT)
Historical Stock Chart
From Oct 2023 to Oct 2024